4 responses to “April 1 – 26 market update”

Bob, I’m in Edmonton. Our average price is $393K whereas Calgary is $485K. We’re not seeing the same market conditions in Edmonton as Calgary however it seems like Edmonton seems to lag Calgary. Can you explain why such a huge difference and whether Calgary is overheated or Edmonton is expected to catch up?

I don’t know the Edmonton market, so I can’t give an informed answer. Maybe some other readers can. -Bob

If you are a buyer in this market, it was great to see that that new listings were up 13% over the past 7 days(compared to last year). That is, until you see that sales over the past week were up a phenomenal 50%.

It only gets worse…
Yesterday, 21% of SFH were sold for list price or higher.

With market conditions so favourable to sellers, you’d think the infamous “shadow” inventory would start to surface. Maybe it never really existed?